BITCOIN UPDATE: Don't panic. Secondary triangle base spotted.

stew(43)
Published in
#bitcoin
Words
60
Reading
1 min
Listen
Play
9y

screenshot_1.png

As you know, revisions are a constant in technical analysis. A secondary base has been formed. I've drawn it in RED. This base coincided with our very strong $12600 support.

However, should it break, we will fall to 11k and below that around $8.6k. Watch closely. Tonight and tomorrow should tell us what we need to know.

Related Post: https://steemit.com/bitcoin/@stew/rsi-confirms-bitcoin-now-begins-new-60-day-cycle-revised-targets-20k-and-28k

BITCOIN UPDATE: Don't panic. Secondary triangle base spotted. | Ecency